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Started by peaceypz, December 06, 2019, 07:25:50 AM
Quote from: sfpf on December 08, 2019, 11:24:24 PMSorry to hear about your layoff but happy to hear you're in good financial shape. Glad you turned down that fund too because 5% fees sound like robbery. I'm personally not a fan of hedge fund investments/performance either, but that's just me. Congrats on having enough financial stability to be able to retire early if you choose to do so. It's hard to advise if FIRE is your best move without more info as there's a lot that goes into making that big of a decision. For example, are you single, married, divorced, have dependents or plan to, in good/fair/poor health, in a high cost of living area, how many years of living expenses do you have saved up, want to live very frugally or comfortably for the rest of your life, etc etc. Choosing to FIRE is a very personal decision since there are so many variables that go into it.As for mindset, I think you're smart to want to feel more financially secured, especially since it seems like you weren't planning on retiring at your age but are just considering it now due to the unexpected layoff. I think a decision this big is one to take seriously. You could also explore part-time work or something less intensive than what you were doing to still bring in some income while having more flexibility and seeing how you adjust to fewer hours. And then go from there.
Quote from: Sam on December 09, 2019, 10:27:28 AMI have a reader who works at Renaissance Tech. He gets to invest a portion of his salary/bonus in the fund, and it has done wonders for him the past 10 years.The 5% front load is STEEP. But everybody is trying to clamor into that fund, and can't. Might be worth allocating a small percentage and see how it goes. Then again, with the S&P 500 up 25% YTD... I wonder how the fund is doing in comparison as it SHOULD underperform if it's hedging properly.